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Mastercard (MA) Operating Expenses (2016 - 2025)

Mastercard's Operating Expenses history spans 17 years, with the latest figure at $3.9 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 9.72% year-over-year to $3.9 billion; the TTM value through Dec 2025 reached $13.9 billion, up 10.4%, while the annual FY2025 figure was $13.9 billion, 10.4% up from the prior year.
  • Operating Expenses reached $3.9 billion in Q4 2025 per MA's latest filing, up from $3.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $3.9 billion in Q4 2025 to a low of $2.0 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $2.8 billion, with a median of $2.7 billion recorded in 2022.
  • Peak YoY movement for Operating Expenses: skyrocketed 34.34% in 2021, then rose 1.7% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $2.4 billion in 2021, then grew by 10.21% to $2.6 billion in 2022, then rose by 20.62% to $3.2 billion in 2023, then grew by 11.81% to $3.6 billion in 2024, then rose by 9.72% to $3.9 billion in 2025.
  • Per Business Quant, the three most recent readings for MA's Operating Expenses are $3.9 billion (Q4 2025), $3.5 billion (Q3 2025), and $3.4 billion (Q2 2025).